AAC Technologies Holdings Future Growth

Future criteria checks 4/6

AAC Technologies Holdings is forecast to grow earnings and revenue by 21% and 11.9% per annum respectively. EPS is expected to grow by 20.8% per annum. Return on equity is forecast to be 9.6% in 3 years.

Key information

21.0%

Earnings growth rate

20.8%

EPS growth rate

Electronic earnings growth	24.0%
Revenue growth rate	11.9%
Future return on equity	9.6%
Analyst coverage	Good
Last updated	12 Sep 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SHSC:2018 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	32,200	2,390	3,050	N/A	21
12/31/2025	29,308	2,073	2,796	N/A	25
12/31/2024	26,146	1,644	2,124	N/A	25
6/30/2024	22,447	1,127	N/A	N/A	N/A
3/31/2024	21,433	934	N/A	N/A	N/A
12/31/2023	20,419	740	3,093	4,633	N/A
9/30/2023	20,659	683	N/A	N/A	N/A
6/30/2023	20,432	622	3,419	4,991	N/A
3/31/2023	20,339	691	N/A	N/A	N/A
12/31/2022	20,625	821	2,457	4,372	N/A
9/30/2022	19,596	796	N/A	N/A	N/A
6/30/2022	18,470	745	-204	2,388	N/A
3/31/2022	18,271	989	N/A	N/A	N/A
12/31/2021	17,667	1,316	-1,228	2,176	N/A
9/30/2021	17,638	1,860	N/A	N/A	N/A
6/30/2021	17,912	2,107	-516	3,357	N/A
3/31/2021	17,872	1,986	N/A	N/A	N/A
12/31/2020	17,140	1,507	-659	3,593	N/A
9/30/2020	17,662	1,508	N/A	N/A	N/A
6/30/2020	18,153	1,773	-438	3,517	N/A
3/31/2020	17,691	1,843	N/A	N/A	N/A
12/31/2019	17,884	2,222	942	3,843	N/A
9/30/2019	17,417	2,509	N/A	N/A	N/A
6/30/2019	17,274	2,787	1,820	4,764	N/A
3/31/2019	17,246	3,102	N/A	N/A	N/A
12/31/2018	18,131	3,796	2,761	6,789	N/A
9/30/2018	20,444	4,584	N/A	N/A	N/A
6/30/2018	20,899	4,976	1,644	6,760	N/A
3/31/2018	21,542	5,389	N/A	N/A	N/A
12/31/2017	21,119	5,325	N/A	5,287	N/A
9/30/2017	19,704	5,063	N/A	N/A	N/A
6/30/2017	18,588	4,798	N/A	5,381	N/A
3/31/2017	17,177	4,469	N/A	N/A	N/A
12/31/2016	15,507	4,026	N/A	4,812	N/A
9/30/2016	13,619	3,466	N/A	N/A	N/A
6/30/2016	12,596	3,216	N/A	3,782	N/A
3/31/2016	11,979	3,119	N/A	N/A	N/A
12/31/2015	11,739	3,107	N/A	3,760	N/A
9/30/2015	10,990	2,884	N/A	N/A	N/A
6/30/2015	9,870	2,584	N/A	2,435	N/A
3/31/2015	9,330	2,437	N/A	N/A	N/A
12/31/2014	8,879	2,318	N/A	1,967	N/A
9/30/2014	7,962	2,134	N/A	N/A	N/A
6/30/2014	7,981	2,482	N/A	2,147	N/A
3/31/2014	8,045	2,531	N/A	N/A	N/A
12/31/2013	8,096	2,578	N/A	2,548	N/A
9/30/2013	7,911	2,543	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2018's forecast earnings growth (21% per year) is above the savings rate (2.3%).

Earnings vs Market: 2018's earnings (21% per year) are forecast to grow faster than the Hong Kong market (11.7% per year).

High Growth Earnings: 2018's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2018's revenue (11.9% per year) is forecast to grow faster than the Hong Kong market (7.3% per year).

High Growth Revenue: 2018's revenue (11.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2018's Return on Equity is forecast to be low in 3 years time (9.6%).

AAC Technologies Holdings Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

AAC Technologies Holdings Inc. Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2023

AAC Technologies Holdings Inc. Provides Earning Guidance for the Year Ended 31 December 2021

AAC Technologies Holdings Inc. Provides Consolidated Earnings Guidance for the Three Months Ended 31 March 2021

Recent updates

First half 2024 earnings released: EPS: CN¥0.46 (vs CN¥0.13 in 1H 2023)

AAC Technologies Holdings Inc. to Report First Half, 2024 Results on Aug 22, 2024

Now 22% undervalued after recent price drop

Investor sentiment improves as stock rises 20%

AAC Technologies Holdings Inc. Approves Final Dividend for the Year Ended 31 December 2023, Payable on June 20, 2024

Upcoming dividend of HK$0.10 per share

AAC Technologies Holdings Inc., Annual General Meeting, May 23, 2024

Full year 2023 earnings released: EPS: CN¥0.63 (vs CN¥0.69 in FY 2022)

Investor sentiment improves as stock rises 16%

Dividend of HK$0.10 announced

Full year 2023 earnings released: EPS: CN¥0.63 (vs CN¥0.69 in FY 2022)

Investor sentiment improves as stock rises 15%

AAC Technologies Holdings Inc. to Report Fiscal Year 2023 Results on Mar 21, 2024

Investor sentiment deteriorates as stock falls 15%

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 19%

First half 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.29 in 1H 2022)

AAC Technologies Holdings Inc. to Report First Half, 2023 Results on Aug 24, 2023

AAC Technologies Holdings Inc. Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2023

Investor sentiment improves as stock rises 15%

Upcoming dividend of HK$0.12 per share at 0.7% yield

AAC Technologies Holdings Inc. Approves Final Dividend for the Year Ended 31 December 2022

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released

Investor sentiment improved over the past week

AAC Technologies Holdings Inc. Appoints Guan Muyi as Joint Company Secretary

Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in 3Q 2021)

Insufficient new directors

AAC Technologies Holdings Inc. to Report Q3, 2022 Results on Nov 10, 2022

Investor sentiment improved over the past week

AAC Technologies Holdings Inc. Announces Committee Changes

AAC Technologies Holdings Inc. Announces No Final Dividend for the Period Ended December 31, 2021

Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.32 in 2Q 2021)

Now 20% undervalued after recent price drop

AAC Technologies Holdings Inc. to Report First Half, 2022 Results on Aug 24, 2022

First quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.44 in 1Q 2021)

Insufficient new directors

AAC Technologies Holdings Inc. to Report Q1, 2022 Results on May 12, 2022

Non-Executive Director recently bought HK$12m worth of stock

Insufficient new directors

Insufficient new directors

Now 21% undervalued after recent price drop

Executive Director recently bought HK$2.1m worth of stock

Investor sentiment deteriorated over the past week

AAC Technologies Holdings Inc. Provides Earning Guidance for the Year Ended 31 December 2021

Co-Founder recently bought HK$33m worth of stock

Co-Founder recently bought HK$17m worth of stock

Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.36 in 3Q 2020)

Upcoming dividend of HK$0.20 per share

Second quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.22 in 2Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of HK$0.20 per share

AAC Technologies Holdings Inc. Approves Final Dividend for the Year Ended 31 December 2020, Payable on June 23, 2021

Full year 2020 earnings released: EPS CN¥1.25 (vs CN¥1.84 in FY 2019)

Investor sentiment improved over the past week

AAC Technologies Holdings Inc. Provides Consolidated Earnings Guidance for the Three Months Ended 31 March 2021

Full year 2020 earnings released: EPS CN¥1.25 (vs CN¥1.84 in FY 2019)

AAC Technologies Holdings Inc. to Report Fiscal Year 2020 Results on Mar 25, 2021

New 90-day high: HK$47.00

Independent Chairman of the Board recently sold HK$4.5m worth of stock

AAC Technologies Holdings Inc. Appoints Pan Kaitai as Executive Vice President, Effective 1 January 2021

Revenue misses expectations

Third quarter 2020 earnings released: EPS CN¥0.35

AAC Technologies Holdings Inc. Appoints Guo Dan as Chief Financial Officer

New 90-day low: HK$40.85

Insider recently sold HK$66m worth of stock

New 90-day low: HK$45.15

First half earnings released

Upcoming Dividend of HK$0.10 Per Share

First half earnings released

AAC Technologies Holdings Inc. to Report First Half, 2020 Results on Aug 24, 2020

Earnings and Revenue Growth Forecasts